India is likely to surpass the United Kingdom in the world’s largest economy rankings in 2019, to become the world’s fifth largest economy, according to a report by global consultancy firm PwC.
As per the report, while the UK and France have regularly switched places owing to similar levels of development and roughly equal populations, India’s climb up the rankings is likely to be permanent.
PwC’s Global Economy Watch report projects real GDP growth of 1.6 percent for the UK, 1.7 percent for France and 7.6 percent for India in 2019.
According to World Bank data, India became the world’s sixth largest economy in 2017 surpassing France and was likely to go past the UK which stood at the fifth position.
The US was the world’s largest economy with a size of 19.39 trillion dollars, followed by China at 12.23 trillion dollars at the second place in 2017.
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